HTC Exodus is a blockchain smartphone, coming soon

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Blockchain is a technology popularized alongside cryptocurrencies like Bitcoin.

What do you think about Exodus?

The Exodus will feature a universal wallet and a built-in secure hardware enclave to support cryptocurrencies and decentralized applications.

HTC is hoping to change all that, as it told The Next Web that it's developing a new Android phone that will be powered by blockchain. Blockchain is supposed to be safer than current centralized record keeping, and many are touting it as the wave of the future. Even with rapidly increasing awareness and interest in the cryptocurrency space, however, it's hard to imagine Exodus making much of a splash. Chen, who now holds the title of "chief decentralized officer", will head all of the firm's cryptocurrency and blockchain-related initiatives. Well, everyone has a copy of the information.

One popular analogy compares blockchain to something like collaborating on a Google Doc.

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How will it work in phones?

The company plans to create a native blockchain network with all exodus phones acting as nodes to facilitate cryptocurrency trading among the phone users.

The unique selling point of a blockchain smartphone is that it supposedly offers better security and an improved user experience by integrating cold wallet storage right into the device, and enabling direct trading of the native cryptocurrency with peers without mining fees.

Pricing, availability details, and most importantly specs were not announced. HTC's goal is to build a device that will empower users to own their own identity and data, and keep it on their phones rather than in the cloud. This would be the second Blockchain smartphone, behind Sirin Labs Finney smartphone that is priced at $1000. Mobile apps of cryptocurrency exchanges are driving phone makers to adopt blockchain. It is also unknown if the device will be retailed in territories outside of the US.

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